YINSON HOLDINGS BHD

KLSE (MYR): YINSON (7293)

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Last Price

2.40

Today's Change

+0.02 (0.84%)

Day's Change

2.36 - 2.40

Trading Volume

1,789,900


5 people like this.

4,221 comment(s). Last comment by Bullrun18 1 day ago

UncleFollower

1,202 posts

Posted by UncleFollower > 1 month ago | Report Abuse

Historically Yinson didn't hold too long at low levels. Every time I play Yinson I end up regretting selling too early lol

UncleFollower

1,202 posts

Posted by UncleFollower > 1 month ago | Report Abuse

@BursaV why say OTB left Yinson? Got notice of change in substantial shareholder?

Posted by BursaVulture > 1 month ago | Report Abuse

He is very quiet.... was wondering why.

Vdhawan

97 posts

Posted by Vdhawan > 1 month ago | Report Abuse

OTB is one of the substantial shareholder of Yinson?

Mabel

23,327 posts

Posted by Mabel > 1 month ago | Report Abuse

OTB will come back when Yinson is ready to dance...

Right now Yinson TA is not so good FA is good..

Sometime this Bursa very funny..

Some counter FA not so good but TA so good..

Axiata loss RM 2.457 billion RM 2.8 can why BIMB RM 553 mil profit can only reach RM 2.61?

OTB

11,124 posts

Posted by OTB > 1 month ago | Report Abuse

I bought YTLPower in a very big way at 1.10 only, very huge profit now.
I am a bit disappointed with Yinson and Yinson-WA.
I spotted Yinson-WA and YTLPower around 0.70, I bought Yinson-WA instead of YTLPower because all 10 analysts were recommending Yinson. No analyst recommended YTLPower.
Until now, Yinson-WA still cannot perform despite very good net profit reported in Yinson FY 2024 result.
I feel sad because Yinson just cannot perform.
I have studied all FA of Yinson in great details, just cannot understand why the share price of Yinson and Yinson-WA cannot perform.
All effort wasted.
Nothing to write here because the share price just cannot perform.
Thank you.

Posted by Raymond Tiruchelvam > 1 month ago | Report Abuse

have faith.... yinson is not a bad company but badly managed with regards to investor positioning, its a company with the biggest book order in all of bursa companies, but sadly this is accompanied with high gearing and risks, as it only talkes 1 FPSO to delay or screw up and all is up in smoke... high roisk high return... are you willing??? thats the question

Posted by BursaVulture > 1 month ago | Report Abuse

Raymond is right. The problem is the super high debt. Once all 3 FPSO sails, Yinson should set a goal to reduce the debt and only take 1 FPSO per year. If they can gradually reduce the debt while increasing the profit, it will fly. All up to the management. WA due in about 15 months time.

8dragon

2,055 posts

Posted by 8dragon > 1 month ago | Report Abuse

You don't expect the bullish trend of Yinson from the past will return... Maybe you could wait for the next 2 years....

Posted by diuleiloumei > 1 month ago | Report Abuse

Yinson will fly after he sell, maybe yinson mgmt doesn't like him

Vdhawan

97 posts

Posted by Vdhawan > 1 month ago | Report Abuse

Yinson moves slowly but it does perform

OTB

11,124 posts

Posted by OTB > 1 month ago | Report Abuse

Posted by Vdhawan > 4 minutes ago | Report Abuse

Yinson moves slowly but it does perform
----------------
Yes, hope you are right.
For the share price of Yinson or Yinson-WA to perform, TA reading must be bullish first.
Presently, no sign.
Still waiting patiently.
Thank you.

JSJH02

2 posts

Posted by JSJH02 > 1 month ago | Report Abuse

Yinson is probably a of the most misunderstood company. Part of the reason is due to the accounting standard requirements for its EPCIC for FPSO MQ, Atlanta and Agogo to follow accounting lease instead of financial lease. The main difference is recognizing of the under construction as revenue thus resulting in recognizing of construction profit and need to pay taxes as well. All the financing interests for under construction FPSOs also charge as operating expenses, thus resulting of massive -ve cash flow. To sum it up all under construction costs and financing expenses, are operational cash outflow. Put it in a simple term, it is like building a shopping mall with a fixed rent and tenure but all construction cost and its bank interest are treated as cash flow.

If Yinson is really operational -ve cash flow, none of the financial institutions will keep lend it money. Yinson business model is building then owning of assets with contractual rent and tenure. It is like IPP those day.

Yinson also re-invest its capital aggressively for the future at the expense of the current profit. Market valued its renewables and GreenTech at zero, yes is zero. Instead they have invest a lot of capital and these assets definitely not worthless.

Posted by BursaVulture > 1 month ago | Report Abuse

@JSJH02

Yes, misunderstood. and yes, like IPP... just need to wait.

Posted by Bullstocks888 > 1 month ago | Report Abuse

Hold tight. Yinson will perform one day.

Mabel

23,327 posts

Posted by Mabel > 1 month ago | Report Abuse

Meanwhile, aided by a whirlwind of bullish news, Brent prices surpassed the $90 per barrel threshold and surged past the $91 per barrel mark on Friday morning. The anticipation of Iran’s retaliatory strike on Israel, a developing Mexico export shortage, and the continuation of OPEC+ cuts have boosted sentiment in the oil market recently. On the other hand, the potential of the Fed not cutting interest rates this year could pour some cold water on the oil price rally.

Posted by Philip ( buy what you understand) > 1 month ago | Report Abuse

OTB,

Watch and your will just miss it. Maria completion is 5 months ahead of schedule, just finished naming rights and now on route to Brazil meaning this year you will have contribution from 2 FPSO with contacts of 500k+ usd per day charter. That means by end of the year, yinson will have 2 "powerplants" up and running, and another one next year. For those who know what to look for, how often does TNB give you a powerplant contract and also advance you the power plant money to construct? Yinson gets this type of advantage. All I can say is, I fully expect yinson to be a 40 billion ringgit company in the next few years.

Then people will complain again why yinson don't bid for more fpso projects...

3 billion cashflow a year mana cari? The key thing is not if they get paid ( especially when oil prices are so high), the key thing is if yinson can complete it's projects on time and on the money. I believe they can, and under budget as well.
>>>>>>>>

OTB

I bought YTLPower in a very big way at 1.10 only, very huge profit now.
I am a bit disappointed with Yinson and Yinson-WA.
I spotted Yinson-WA and YTLPower around 0.70, I bought Yinson-WA instead of YTLPower because all 10 analysts were recommending Yinson. No analyst recommended YTLPower.
Until now, Yinson-WA still cannot perform despite very good net profit reported in Yinson FY 2024 result.
I feel sad because Yinson just cannot perform.
I have studied all FA of Yinson in great details, just cannot understand why the share price of Yinson and Yinson-WA cannot perform.
All effort wasted.
Nothing to write here because the share price in just cannot perform.
Thank you.

Sslee

4,988 posts

Posted by Sslee > 1 month ago | Report Abuse

Shoild take some profit on YTL and move some money to Yinson🤑

OTB

11,124 posts

Posted by OTB > 1 month ago | Report Abuse

Thank you Philip for your good information.

For the share price of Yinson or Yinson-WA to perform, TA reading must be bullish first.
Presently, no sign.
Still waiting patiently.
Thank you.

Mabel

23,327 posts

Posted by Mabel > 1 month ago | Report Abuse

https://www.upstreamonline.com/rigs-and-vessels/yinson-delivers-5-2-billion-brazil-fpso-five-months-ahead-of-first-oil/2-1-1621878

Malaysian floater specialist Yinson has christened a floating production, storage and offloading vessel destined for Petrobras’ Parque das Baleias development in the northern portion of Brazil’s Campos basin 5 months ahead...

More news...

Meow Meow Meow

Bullrun18

369 posts

Posted by Bullrun18 > 1 month ago | Report Abuse

Yup Yinson will appears on KLCI on 2026 …..

OTB

11,124 posts

Posted by OTB > 1 month ago | Report Abuse

FPSO Agogo is ready to be delivered and found oil at the end of 2025.
FY 2027 (January 2027) result will include all FPSOs chartered services.
PAT in FY 2027 will be > 1 billion per year.
Debt will be reduced to the minimum.
I believe Yinson will be included in FBMKLCI component stock in 2027.
Good luck.
Thank you.

OTB

11,124 posts

Posted by OTB > 1 month ago | Report Abuse

1.) FPSO Maria Quitéria. Brazil. 100% stake.
https://www.theedgemarkets.com/article/yinson-lands-fpso-contracts-worth-us52-billion-brazil
Contract value = USD 5.2 billion. 22.5 years firm.
Start operation in mid-2024.
Annual (charter rate) revenue = USD 5200 million/22.5 = USD 231.11 million = RM 1.086 billion (1 USD = RM 4.70)
PBT (40% of revenue) = 434.40 million
PAT (37% tax) = 273.67 million

2.) FPSO Atlanta. Brazil. 100% stake.
https://www.oedigital.com/news/494478-malaysia-s-yinson-brazil-s-enauta-pen-firm-contracts-for-atlanta-field-fpso
Contract value = USD 1.9 billion. 15 years firm and with option to extend 5 years.
Start operation in mid-2024.
Annual (charter rate) revenue = USD 1900 million/15 = USD 126.67 million = RM 595.35 million (1 USD = RM 4.70)
PBT (40% of revenue) = 238.14 million
PAT (37% tax) = 150.03 million

I believe 50% of PAT (212 million) will be included in FY 2025 income statement.
Thank you.

Posted by BursaVulture > 1 month ago | Report Abuse

It is just like MFCB… waiting game. MFCB flew 6 months after their hydro goes online. Yinson will do the same if everything goes accordingly. It is a waiting game.

167697

50 posts

Posted by 167697 > 1 month ago | Report Abuse

Major bottom of YINSON was 2.31. It will go up and down up and down like other stocks. At least for now it is uptrend until a point it will drop again. It is unlikely to be a straight like up 45 degree YTL power. It is nature of the game. At least the turning point was 2.31 and then at some point it will go down again. The BIG BOYS decide the price. We are small time retailers. Sometimes reports dictate the price, sometimes they do not. Also do not trust at face value the target price set by institutions. The charts tell the whole story and is current. The stock wants to go where it wants to go.

Ytl2023

229 posts

Posted by Ytl2023 > 1 month ago | Report Abuse

Deliver but need to wait almost 2025? U main share sure going to miss opportunity cost

Mabel

23,327 posts

Posted by Mabel > 1 month ago | Report Abuse

$YINSON Q4 Briefing – Expansions well underway, with big targets in the coming years.

1. Contribution from FPSO Anna Nery increased Revenue, GP, EBITDA, PATAMI (since 7 May 2023) YoY, offset by disposal of FPSO Adoon in Q4.
2. EPCIC contributions decline... YoY, recognized RM 5.2b from FPSO Atlanta and Agogo...
3. FPSO Atlanta and Maria Quiteria expected to achieve first oil in 2024, with Agogo in 2025.
4. Renewables Segment still loss making but solar farms are positive on EBITDA basis...
5. ChargeEV...
6. Orderbook currently at USD 23.4 bil...
7. Contract backlog of USD 22.3 bil until 2048...
8. Yinson focuses on the mid-sized FPSO market, as well as conversion / redeployment...
9. Yinson can comfortably handle 5 ongoing FPSO jobs. Very selective in tenders...
10. So far, Yinson has always maintained best in class financial and operational records...”

Meow

Posted by BursaVulture > 1 month ago | Report Abuse

Investment Talk with Yinson Holdings
https://www.youtube.com/watch?v=R1COT8KkLj8

Vdhawan

97 posts

Posted by Vdhawan > 1 month ago | Report Abuse

Thanks, Mabel for the notes. What do you mean by ChargeEV? 🙂

Posted by Bullstocks888 > 1 month ago | Report Abuse

I agree with you OTB. HODL!

Yinson is the next YTLPower.

Posted by OTB > 3 days ago | Report Abuse

FPSO Agogo is ready to be delivered and found oil at the end of 2025.
FY 2027 (January 2027) result will include all FPSOs chartered services.
PAT in FY 2027 will be > 1 billion per year.
Debt will be reduced to the minimum.
I believe Yinson will be included in FBMKLCI component stock in 2027.
Good luck.
Thank you.

Posted by Permutation > 1 month ago | Report Abuse

How to go up when only EPF is doing trading? TA also bad. Opportunities lost with capital park here.
Perhaps better to cut now and come back when the TA improve ??

Mabel

23,327 posts

Posted by Mabel > 1 month ago | Report Abuse

Tuesday, April 09, 2024

Brent crude futures have established a firm footing over the $90 per barrel mark and not even a brief opening for a potential ceasefire in Gaza managed to pull it lower. Mexico cutting oil exports will ensure bullish sentiment continues to build in the coming weeks, with further directionality set by the US and Chinese inflation numbers this week, potentially even paving the way for a climb closer to $95 per barrel.

Mabel

23,327 posts

Posted by Mabel > 1 month ago | Report Abuse

#Vdhawan Thanks, Mabel for the notes. What do you mean by ChargeEV? 🙂
09/04/2024 11:20 AM

Vdhawan Dear,

ChargeEV, a business of Yinson GreenTech, is a leading provider of cross-border charging infrastructure network between Malaysia and Singapore. Its primary purpose is to support the transition to electric vehicles (EVs) by developing a fast and widespread charging network. This network aims to make the switch to EVs easier and more accessible for all EV drivers. With strategic partnerships across both Malaysia and Singapore, ChargeEV ensures that EV drivers are never too far from a charging point. They focus on helping businesses electrify their sites and seamlessly onboard them onto their EV charging network, acting as a trusted partner in the transition to electric vehicles.

Yinson GreenTech (YGT), the parent company of ChargeEV, is a global energy infrastructure and technology company headquartered in Malaysia. YGT operates in offshore production, renewables, green technologies, and offshore marine, with a presence in 18 countries. Established in 2020, YGT focuses on delivering clean, integrated, and technology-enhanced ecosystems across marine, mobility, and infrastructure segments. Their strategic investments include advanced hydrofoil systems for electric vessels, e-bikes, swappable batteries, autonomous technology for electric vehicles and vessels, marine energy storage solutions, and electric vehicle charging solutions. Ultimately, YGT aims to create a proprietary digital marketplace that provides affordable and accessible tech-based low-carbon products and services, helping businesses and communities achieve net-zero ambitions.

In summary, ChargeEV and Yinson GreenTech collaborate to accelerate the development of EV charging infrastructure, making it easier for people to adopt electric vehicles and contribute to a greener future.

To Our Success

Meow

Mar2083

758 posts

Posted by Mar2083 > 1 month ago | Report Abuse

Hope not down further next week 😓

stockraider

31,556 posts

Posted by stockraider > 1 month ago | Report Abuse

Why Yinson down leh ??
Bcos it keep raising fund & asking for money loh!
Btw Its gearing already high loh!

Posted by BursaVulture > 1 month ago | Report Abuse

YTLP also had/have crazy huge debt... until things turn around.

OnTime

2,137 posts

Posted by OnTime > 1 month ago | Report Abuse

all utilities hv huge debts, that's the nature of the business.

Mabel

23,327 posts

Posted by Mabel > 1 month ago | Report Abuse

Mar2083 Hope not down further next week 😓
13/04/2024 4:57 PM

It should be good this week...even Mabel's PCHEM are climbing today...

Geopolitics will hold the focus of markets to start the week after Iran's attack on Israel. An Israeli military spokesman said the country is prepared to do "whatever is necessary" in its defense. Tehran said it would attack with greater force if there was retaliation. Late Friday saw a flight to safety with money moving from equities to bonds and gold. Oil also gained on possibilities of production disruption in the Middle East.

Mabel

23,327 posts

Posted by Mabel > 1 month ago | Report Abuse

If Iran attacks Israel, Middle East turmoil could lift oil past $100 a barrel
Published: April 12, 2024 at 1:22 p.m. ET
By Myra P. Saefong

Oil prices could rise by $15 a barrel if all of Iran’s output is interrupted: analyst

Oil traders know the all-too-familiar drill: Heightened tensions in the Middle East have led to a rally in prices — so far to the highest intraday levels in six months. If Iran, one of the world’s largest oil producers, gets directly involved, however, a return to prices of more than $100 a barrel may soon follow.
“Nobody wants to be short heading into the weekend,” said Manish Raj, managing director at Velandera Energy Partners. “If the conflicts escalate over the weekend, short sellers will lose their shirts when they wake up on Monday.”

Vdhawan

97 posts

Posted by Vdhawan > 1 month ago | Report Abuse

Israel is going to retaliate back ... It's really a mutual exchange of ammunition 😆
https://edition.cnn.com/middleeast/live-news/israel-hamas-war-gaza-news-04-15-24/index.html

mf

27,900 posts

Posted by mf > 1 month ago | Report Abuse

China Q1 GDP grows 5.3%, more than expectedEconomic Indicators
China Q1 GDP grows 5.3%, more than expected

Posted by diuleiloumei > 1 month ago | Report Abuse

What happened today suddenly passing 2.41, I haven't collect enough

Posted by diuleiloumei > 1 month ago | Report Abuse

Last 5 minutes surge 8 sen

Rose001

48 posts

Posted by Rose001 > 1 month ago | Report Abuse

anytime this stock go up, i see KWSP will dispose their shares, what is wrong with KWSP?

Sslee

4,988 posts

Posted by Sslee > 1 month ago | Report Abuse

Anyone can comment why Yinson need to pay so much interest of 9.625% per annum for the USD 500 million senior secured bond issue with a 5-year tenor?

SINGAPORE, April 19, 2024 /PRNewswire/ -- Yinson Production Offshore Pte. Ltd. ("Yinson Production") is pleased to announce the successful placement of a USD 500 million senior secured bond issue with a 5-year tenor and a fixed coupon of 9.625% per annum in the Nordic bond market.

Sslee

4,988 posts

Posted by Sslee > 1 month ago | Report Abuse

Yinson is paying more than double the US 5 Year Treasury Rate of 4.68%. Why?

5 Year Treasury Rate is at 4.68%, compared to 4.62% the previous market day and 3.71% last year. This is higher than the long term average of 3.75%.

The 5 Year Treasury Rate is the yield received for investing in a US government issued treasury security that has a maturity of 5 years

Sslee

4,988 posts

Posted by Sslee > 1 month ago | Report Abuse

Is Yinson cannot get a normal USD loan from bank with lower interest rate than 9.625% to refinance the matured borrowing?

Sslee

4,988 posts

Posted by Sslee > 1 month ago | Report Abuse

If Yinson reward shareholders with RI of 5 year RPS with interest of 9.625% per annum many shareholders would have fully taken up the RI.

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